www.antena3.ro/externe/bloomberg-rusia-a-esuat-in-

Russia has largely abandoned efforts to replace the dollar with the Chinese yuan in cross-border payments due to US sanctions pressures. Despite increased trade with China, the yuan's share in Russian exports has halved this year. Russian companies face challenges in cross-border payments, relying on intermediaries due to the inability to settle directly in yuan. The shift away from yuan has created payment difficulties, leading to slower and costlier transactions. The Russian economy had rapidly adopted the yuan after sanctions were imposed, but recent US sanctions have severely impacted payment flows, causing a currency crisis. The use of yuan in trade with third countries is declining, and its global share has reverted to pre-war levels.